Kinder Morgan announced Friday that it had received a decision from the National Energy Board (NEB) regarding its application for approval of the contract terms and toll structure that would be implemented on the company’s proposed Trans Mountain Expansion Project.
In short, the NEB has approved the commercial aspects of the proposed pipeline twinning project, the company said.
“Today the National Energy Board approved the commercial aspects of the project. The decision reinforces the market support for our expansion plans and it provides us the necessary economic certainty to proceed,” said Ian Anderson, president of Kinder Morgan Canada.
“As we continue the process, we look forward working with the new BC government and will remain committed to listening to questions and concerns as we develop our application to file with the NEB later this year.”
The toll application was filed in June 2012 and the decision comes after a seven-day public hearing held in February of this year.
The NEB news release and associated Toll Application decision document can be found on the NEB website